Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 91,167, 31,359 total housing units (homes and apartments), and a median house value of $340,535, real estate costs in Germantown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Row houses and other attached homes are the single most common housing type in Germantown, accounting for 40.88% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 28.98%), single-family detached homes ( 27.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.14%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 67.10% of Germantown's homes, and 58.63% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Germantown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Germantown built between 2000 and later ( 20.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.45%).
Germantown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Germantown during the period has been just -1.45%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Germantown's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Germantown's appreciation rate has been 0.46%, which annualizes to a rate of 1.85%.
Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Germantown's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Germantown real estate investment or home purchase decisions.
|$835,001 - $1,113,000||1.0|
|$556,001 - $835,000||17.5|
|$445,001 - $556,000||12.0|
|$334,001 - $445,000||20.7|
|$223,001 - $334,000||29.5|
|$111,001 - $223,000||15.8|
|$56,001 - $111,000||1.0|
|$0 - $56,000||2.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Germantown HOMES|
|2000 or Newer||20.2|
|1970 - 1999||77.2|
|1940 - 1969||2.4|
|1939 or Older||0.2|
|TYPE OF Germantown HOMES|
|Small Apt. Buildings||2.1|
|SIZE OF Germantown HOMES|
|5 or more bedrooms||5.33|